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On cue, right after we proclaimed the S&P 500 was unable to stage a sustained rally – the S&P 500 did the unexpected, and staged a somewhat sustained rally. So here we sit at 1091 – some 41 points above our initial short entry (doh!). It’s a bit of a shame – this is the […]
After trading hours Monday, we shorted the S&P 500 again via the futures market – because, well, we couldn’t bare to be on the sidelines anymore. We had HOPED for a rally that would carry the S&P towards the 1120 or 1130 mark. It did not materialize. The reversal was sharp and swift. It was […]
What a pathetic showing by the S&P 500. It’s been completely unable to rally despite an extremely oversold condition. Our original price target for the S&P rally was 1091-1123. We rallied into the lower end of that range, reversed, and that was it. When stocks can’t maintain a countertrend bounce (and also when that bounce […]
What a way to end the week! The bears, and more importantly, the much feared deflation bird are back in charge. For how long? Yesterday, we took stock of the situation, and surmised that while the mini-rally on the S&P 500 had gone as far as it needed to. So we figured the odds favored a […]
It’s likely that few people living today can recall a more treacherous near term economic and investing environment than the one that staring us down right now. So how should you invest? Guest author David Galland takes a look at the intricately entwined global economic mess – and shares some insights about how you should gear your portfolio. — […]
Here’s an update on the short term trend of the stock market. When this recent rally kicked off on May 27th, we took a shot at a short-term price target for the S&P 500: For my calculations, I’m saying that this decline began at 1173 on the S&P, and ended at the intra-day low of […]
A favorite exercise of mine is to take a look at the board and see what assets are not participating in strong rallies on days like today. And it looks like there were a few noticeable absentees in the commodity sector that did not make it for today’s raging campfire of a good time! (Ed. […]
Soon after stocks bottomed on March 6, 2009, we noticed that commodity prices – most notably agriculture prices – were starting to rally. In early May, we wrote about the rally in soft commodities, and what it implied for the inflation/deflation outlook: A few weeks ago (April ’09), we noticed that not only had commodities appeared […]
I had lunch with our property manager today – he’s a sharp guy with hooks into much of the local (Sacramento) commercial real estate market. The development company he manages and leases property for is one of the prominent developers in town…they are still doing OK, but have certainly fallen on tougher times since 2007. […]
Well today we are seeing the strong bounce that we’d been anticipating in the stock market (if you missed yesterday’s piece, you can get caught up here). Now that the S&P 500 has rallied to the doorstep of 1100, the question is – how much longer will this rally go? And when should we re initiate our […]
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